Proceedings under PMLA upheld as money recovered constitutes ‘proceeds of crime’ unless disproved at trial

Md. Intekhab Alam and Another Vs Assistant Director (Orissa High Court) Orissa High Court held that money recovered from the petitioner constitutes ‘proceeds of crime’ unless the same is disproved at trial. Accordingly, proceedings under Prevention of Money Laundering Act, 2002 [PMLA] upheld. Facts- The present petition u/s. 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS) has been filed seeking quashing of the order of cognizance dated 03.12.2020 passed by the learned CBI-I cum-Special Judge (PMLA), Bhubaneswar, now in the Court of the learned Sessions Judge, Khurda at Bhubanesw...